The most prestigious stage in cinema is preparing for a monumental transition that will redefine how audiences experience the magic of Hollywood. This historic relocation of The Academy signals the end of an era at the Dolby Theatre and the beginning of a high-tech future in the heart of the city. As the Academy pivots toward a new global partnership, the traditional red carpet is set to undergo a massive digital and physical transformation.

A new era for the golden statuette begins with updated venues and a revolutionary streaming agreement.

According to the Academy Press Release, the Academy of Motion Picture Arts and Sciences recently announced a landmark ten-year agreement with AEG to move the Oscars to a new permanent home. The upcoming change will bring the world of film to a 23-acre sports and entertainment district designed for large-scale cultural moments. L.A. LIVE will become the official home of the ceremony starting with the 101st Oscars in 2029.

“L.A. LIVE was built to host the moments that define culture, and there is no greater global stage than the Oscars,” said Todd Goldstein, Chief Revenue Officer of AEG, noted in the Press release.

L.A. LIVE will become the official home of the Oscars starting with the 101st ceremony in 2029 and continuing through 2039. The event will take place at the 7,100-seat Peacock Theater, a centerpiece of the four-million-square-foot sports and entertainment district.

This move places the world's most famous awards show adjacent to the Crypto.com Arena in downtown Los Angeles. AEG plans to undertake comprehensive enhancements to the theater to ensure it meets the Academy's rigorous production standards.

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The transition follows a century of tradition and marks a significant shift in how the ceremony is broadcast.

The Oscars will continue to be held at the Dolby Theatre at Ovation Hollywood through the centennial celebration in 2028. This ensures that the 100th anniversary of the awards remains at its longtime home before the new partnership begins.

Following this milestone, the 2029 ceremony will serve as the inaugural event for the decade-long residency at the Peacock Theater. Starting in 2029, the ceremony will also become available on YouTube through an exclusive global rights deal with the Academy. This digital expansion marks a departure from traditional television exclusivity and aims to reach film fans around the world.

A grand physical transformation will welcome the biggest stars in the industry to a revamped urban plaza.

The recently expanded plaza at L.A. LIVE will host the iconic red carpet arrivals and various pre-show activities. This vast outdoor space provides an internationally renowned setting for the fashion and media spectacle that precedes the main event.

The partnership leverages the unrivaled track record of AEG in operating world-class venues and entertainment districts. By moving the ceremony to this integrated campus, the Academy can provide an unforgettable and streamlined experience for both nominees and attendees. This environment celebrates creativity and excellence while offering numerous hospitality options, from luxury restaurants to sophisticated bars, all within a single destination.

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What do you think about the new partnership of the Academy of Motion Picture Arts and Sciences and AEG? Let us know in the comments.